XML 43 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Accumulated Other Comprehensive Income
 12 Months Ended
Dec. 31, 2018
Accumulated Other Comprehensive Income [Abstract]  
Comprehensive Income (Loss) Note [Text Block]
Accumulated Other Comprehensive Loss
The following table shows changes in accumulated other comprehensive income (loss) by component for the years ended December 31, 2018, 2017 and 2016:
 
 
Unrealized Gains and Losses on Available for Sale Securities (1)
 
Unrealized Gains and Losses on Pension Plan Liability (1)
 
Total (1)
Year Ended December 31, 2018
 
(in thousands)
Beginning balance
 
$
(19,779
)
 
$
(2,446
)
 
$
(22,225
)
Adjustment pursuant to adoption of ASU 2016-01
 
157

 
—

 
157

Other comprehensive income (loss) before reclassifications
 
(13,425
)
 
24

 
(13,401
)
Amounts reclassified from accumulated other comprehensive loss (2)
 
(81
)
 
245

 
164

Net current-period other comprehensive income (loss)
 
(13,506
)
 
269

 
(13,237
)
Ending balance
 
$
(33,128
)
 
$
(2,177
)
 
$
(35,305
)
Year Ended December 31, 2017
 
 
 
 
 
 
Beginning balance
 
$
(12,704
)
 
$
(6,295
)
 
$
(18,999
)
Other comprehensive income (loss) before reclassifications
 
(3,391
)
 
4,017

 
626

Amounts reclassified from accumulated other comprehensive loss (2)
 
7

 
223

 
230

Net current-period other comprehensive income (loss)
 
(3,384
)
 
4,240

 
856

Adjustment pursuant to adoption of ASU 2018-02
 
(3,691
)
 
(391
)
 
(4,082
)
Ending balance
 
$
(19,779
)
 
$
(2,446
)
 
$
(22,225
)
Year Ended December 31, 2016
 
 
 
 
 
 
Beginning balance
 
$
386

 
$
(6,681
)
 
$
(6,295
)
Other comprehensive loss before reclassifications
 
(12,338
)
 
(39
)
 
(12,377
)
Amounts reclassified from accumulated other comprehensive loss (2)
 
(752
)
 
425

 
(327
)
Net current-period other comprehensive income (loss)
 
(13,090
)
 
386

 
(12,704
)
Ending balance
 
$
(12,704
)
 
$
(6,295
)
 
$
(18,999
)
__________
(1) All amounts are net of tax. Amounts in parenthesis indicate debits.
(2) See following table for details about these reclassifications.
In December 2017, the Company made an election to reclassify income tax effects related to the Tax Cuts and Jobs Act of $4.1 million from accumulated other comprehensive income to retained earnings. The Company uses the portfolio approach to account for the tax consequences of amounts reported in OCI.
The following table shows details regarding the reclassifications from accumulated other comprehensive income for the years ended December 31, 2018, 2017 and 2016:
 
 
Amount Reclassified from Accumulated Other Comprehensive Income
 
Affected line Item in the Consolidated Statement of Income
 
 
Years Ended December 31,
 
 
 
 
2018
 
2017
 
2016
 
 
 
 
(in thousands)
 
 
Unrealized gains and losses on available for sale debt securities
 
$
106

 
$
(11
)
 
$
1,181

 
Investment securities gains (losses), net
 
 
106

 
(11
)
 
1,181

 
Total before tax
 
 
(25
)
 
4

 
(429
)
 
Income tax benefit (provision)
 
 
$
81

 
$
(7
)
 
$
752

 
Net of tax
 
 
 
 
 
 
 
 
 
Amortization of pension plan liability
actuarial losses
 
$
(319
)
 
$
(350
)
 
$
(668
)
 
Compensation and employee benefits
 
 
(319
)
 
(350
)
 
(668
)
 
Total before tax
 
 
74

 
127

 
243

 
Income tax benefit
 
 
$
(245
)
 
$
(223
)
 
$
(425
)
 
Net of tax